Question Content Area

Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one decimal place.

Line Item Description	Amount
Sales on account during year	$582,895
Cost of goods sold during year	201,322
Accounts receivable, beginning of year	42,028
Accounts receivable, end of year	49,233
Inventory, beginning of year	30,642
Inventory, end of year	42,837

a. 23

b. 5.5

c. 1.4

d. 2.9